Take Advantage of No Cost Tax Assistance and Preparation
By Debbie Gregory.
The bad news is that the tax filing deadline will be here before we know it. But the good news is that you have until Tuesday, April 17, 2018, to file your 2017 returns and pay any taxes due. The filing tax deadline is later this year due to several factors.
The usual April 15 deadline falls on Sunday this year, which would normally give taxpayers until at least the following Monday. However, Emancipation Day, a Washington, D.C., holiday, is observed on Monday, April 16, giving taxpayers nationwide an additional day to file. By law, Washington holidays impact tax deadlines for everyone in the same way federal holidays do.
And here’s some more good news: there is free tax preparation assistance available to veterans, seniors, and low-income earners.
The Volunteer Income Tax Assistance (VITA) grant program is an IRS initiative designed to support free tax preparation service for the underserved through various partner organizations. This service helps low- to moderate-income individuals, persons with disabilities, the elderly, and limited English speakers file their taxes each year.
In addition to VITA, the Tax Counseling for the Elderly (TCE) program offers free tax help for all taxpayers, particularly those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors.
Military OneSource provides free tax preparation and filing services and tax consultations. MilTax, Military OneSource’s free tax services, provides easy-to-use software that is designed specifically for the military community that can be used from mid-January to mid-October. MilTax consultants are also available to help military members and their families for free. You need to be an eligible Military OneSource user to be able to access the free e-filing software, and will need to log in to your Military OneSource account to get started.
Another free service is MyFreeTaxes, managed by the United Way. MyFreeTaxes operates the only free online tax preparation and filing assistance platform available in all 50 states and Washington D.C. The services are available to those who earned $66,000 or less in 2017, and allows qualified Veterans, active-duty military, their families and all other qualifying taxpayers to file both a federal and state tax return, absolutely free.
The IRS.gov/FreeFile allows taxpayers to choose from a variety of industry-leading tax software options in order to prepare and e-file their federal tax returns at no cost. If you earned $66,000 or less last year, you are eligible to choose from among 13 software products. If you earned more, you are still eligible for Free File Fillable Forms, the electronic version of IRS paper forms.
Important tips to remember for those who serve:
- Identify the types of pay and allowances you receive that are not included as part of your gross income
- You may receive a deduction for moving expenses when you have a permanent change of station
- You may be able to deduct the cost of work-related education
Military Connection salutes and proudly serves veterans and service members in the Army, Navy, Air Force, Marines, Coast Guard, Guard and Reserve, and their families.